Accounts filed on 31-10-2016
Accounts filed on 31-10-2016
trueGP Window Services Limited063975872016-10-31-6522202-6422302100100-6422302-6422302-7716-12598663367094724110219222221972501294156112941561Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Motor VehiclesReducing Balance0.2500EquipmentReducing Balance0.250045004500320629392674500450032062939267Ordinary1000110001000Ordinary11001001002017-07-31Mr Glen Pricetruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureGP Window Services Limited2015-11-012016-10-31GP Window Services Limited2014-11-012015-10-31GP Window Services Limited2014-10-31GP Window Services Limited2015-10-31GP Window Services Limited2015-10-31GP Window Services Limited2016-10-31 2017-07-31
